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| 18.04.2024 22:20
Tesla shares plummet below $150, wiping out year's gains
Tesla's stock has taken a nosedive, dropping below $150 per share and erasing all gains made over the past year. The electric vehicle maker is facing falling sales and steep discounts in an effort to attract more buyers. Shares in the company, owned by Elon Musk, fell nearly 4% in intraday trading...
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| 15.12.2023 00:19
GM's Cruise faces potential fine as key leaders depart amid safety investigation
15 hearing to discuss the alleged cover-up. The investigation stems from an October incident in which a Cruise robotaxi ran over a pedestrian who had already been hit by another vehicle driven by a human. Instead of reporting the severity of the accident, Cruise allegedly downplayed the incident. C...
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| 14.12.2023 23:02
GM's Cruise slashes 900 jobs, a 24% reduction in workforce
In a major blow to General Motors' self-driving car subsidiary, Cruise, the company announced on Thursday that it would be cutting approximately 900 jobs, which accounts for about a quarter of its workforce. The move comes as Cruise seeks to reduce costs following an incident in October that prompt...
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| 22.11.2023 02:31
Vogt resigns as CEO of Cruise following safety questions, recalls of self-driving vehicles
In a surprising turn of events, Kyle Vogt has announced his resignation as the CEO of Cruise, General Motors' autonomous vehicle unit. This decision comes amid growing concerns over the safety of self-driving cars and follows a recent incident involving one of Cruise's vehicles dragging a pedestria...
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| 20.11.2023 17:00
Driverless Taxis Stress Cities with Lost Time
In a recent incident in San Francisco, the increasing presence of self-driving taxis has taken a toll on city services. Adam Wood, a firefighter, responded to a 911 call in the Mission neighborhood and loaded a patient into an ambulance. However, their path was blocked by a driverless vehicle opera...
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